Legal Question in Bankruptcy in California

school loan debt cancellation

i have recently been granted a chapter 7 bankrupcy discharge (about 10,000 credit card debt). my school loans were not dismissed, of course, which amount at this point (with interest and collection charges) to about 100,000. i live on disability, cannot be substantially gainfully employed, and will never be able to pay this debt. i've been told my case is winnable, but the lawyer i consulted estimates her cost to be 5,000 to 7,000. is this the going rate for such a case? please advise.


Asked on 12/20/01, 7:01 pm

1 Answer from Attorneys
Mark Markus Law Office of Mark J. Markus

Re: school loan debt cancellation

If you're talking about litigating an undue hardship action against the student loan lender, I would say $5,000-7,000 is very reasonable. You are talking about a full blown trial which will be heavily contested by the student loan agency regardless of the facts.

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Answered on 12/24/01, 12:29 am


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